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Federal Reserve issues FOMC statement

Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data suggest that growth of household spending has picked up, while business fixed investment has continued to grow strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy have moved close to 2 percent. Indicators of longer-term inflation expectations are little changed, on balance.
Consistent ... (full story)

Added @ 2:04pm

Fed hikes rates, points to two more increases by year's end

The Federal Reserve hiked its benchmark short-term interest rate a quarter percentage point Wednesday and indicated that two more increases are likely in store ahead.
The move pushes the funds rate target to 1.75 percent to 2 percent. The rate is closely tied to consumer debt, particularly credit cards, home equity lines of credit and other adjustable-rate instruments.
In an unusually terse statement that ran just 320 words, the Federal Open Market Committee changed multiple phrases from its previous missives, pointing to a more optimistic view on economic growth and higher inflation expectations.
Though the statement ... (full story)

that is something I never understood on the market - everything as expected and markets reacts anyway I like it ecause it is easy money however when something is as expected the move is for me expected to be temporary - like in this case

It's Hawkish Statement...
Why?
(1) The Cash Rate Increase to 2% vs 1,75% previously.
(2) 4 Hikes on This Year.
(3) The Latest Projection from Members indicates to Csh Rates rise to 2,4% by the end of the year, a 0,3% increased from the March forecast.
(4) Committee Member indicated economic growth hitting 2,8% full the year.
(5) GDP and Personal Consumption increase 0,1% from the last estimated on March.
(6) Committee Members also see the Unemployment Rate 3,6% by ends the year's. This projection better than the last estimated on March at 3,8%.
(7) Headline Inflation Projection on 2019 and 2020 is 2,1%.

It's Hawkish Statement... Why? (1) The Cash Rate Increase to 2% vs 1,75% previously. (2) 4 Hikes on This Year. (3) The Latest Projection from Members indicates to Csh Rates rise to 2,4% by the end of the year, a 0,3% increased from the March forecast. (4) Committee Member indicated economic growth hitting 2,8% full the year. (5) GDP and Personal Consumption increase 0,1% from the last estimated on March. (6) Committee Members also see the Unemployment Rate 3,6% by ends the year's. This projection better than the last estimated on March at 3,8%....

It's Hawkish Statement... Why? (1) The Cash Rate Increase to 2% vs 1,75% previously. (2) 4 Hikes on This Year. (3) The Latest Projection from Members indicates to Csh Rates rise to 2,4% by the end of the year, a 0,3% increased from the March forecast. (4) Committee Member indicated economic growth hitting 2,8% full the year. (5) GDP and Personal Consumption increase 0,1% from the last estimated on March. (6) Committee Members also see the Unemployment Rate 3,6% by ends the year's. This projection better than the last estimated on March at 3,8%....

Ignored

I really hope u dont trade!!!
do u have any money left?
I remember a month ago u are saying AUD/USD will go down to 0.74, 0.73, 0.72...
I mean if u are betting what are u saying , u will be loosing a lot
do not confuse other traders please
Talk is cheap

It's Hawkish Statement... Why? (1) The Cash Rate Increase to 2% vs 1,75% previously. (2) 4 Hikes on This Year. (3) The Latest Projection from Members indicates to Csh Rates rise to 2,4% by the end of the year, a 0,3% increased from the March forecast. (4) Committee Member indicated economic growth hitting 2,8% full the year. (5) GDP and Personal Consumption increase 0,1% from the last estimated on March. (6) Committee Members also see the Unemployment Rate 3,6% by ends the year's. This projection better than the last estimated on March at 3,8%....

It's Hawkish Statement... Why? (1) The Cash Rate Increase to 2% vs 1,75% previously. (2) 4 Hikes on This Year. (3) The Latest Projection from Members indicates to Csh Rates rise to 2,4% by the end of the year, a 0,3% increased from the March forecast. (4) Committee Member indicated economic growth hitting 2,8% full the year. (5) GDP and Personal Consumption increase 0,1% from the last estimated on March. (6) Committee Members also see the Unemployment Rate 3,6% by ends the year's. This projection better than the last estimated on March at 3,8%....

Ignored

I really hope u dont trade!!!
do u have any money left?
I remember a month ago u are saying AUD/USD will go down to 0.74, 0.73, 0.72...
I mean if u are betting what are u saying , u will be loosing a lot
do not confuse other traders please
Talk is cheap

It's Hawkish Statement... Why? (1) The Cash Rate Increase to 2% vs 1,75% previously. (2) 4 Hikes on This Year. (3) The Latest Projection from Members indicates to Csh Rates rise to 2,4% by the end of the year, a 0,3% increased from the March forecast. (4) Committee Member indicated economic growth hitting 2,8% full the year. (5) GDP and Personal Consumption increase 0,1% from the last estimated on March. (6) Committee Members also see the Unemployment Rate 3,6% by ends the year's. This projection better than the last estimated on March at 3,8%....

Ignored

do you know what " Price in " mean ??
It means the price has already reached its target by now.. everybody knows about all the information u said a long time ago when dollar starts to rally from begining..

{quote} do you know what " Price in " mean ?? It means the price has already reached its target by now.. everybody knows about all the information u said a long time ago when dollar starts to rally from begining..

Ignored

I don't quite buy the notion of "price in". It sounds sophisticate and sexy but is designed to fool retail trader.

If on the basis of what you have just said, "price in" mean _everybody_ already knows about all the info a long time ago, which mean that same _everybody_ will probably trade in the same direction based on the info that _everybody_ already know, then who will absorb all these trades in the opposite direction so that a transaction can be completed? (1) Market makers or (2) ignorant traders. Since "price in" meant that it is public widely know info, then the party who absorbed the other side of the trades would logically not be the ignorant trader because you cannot have as many ignorant traders to match those who already know the info who is in the majority. So it has to be the market maker who take your trade.

When every time a data figure is released that suggest a very logical trading direction (good to buy, and bad to sell), the price actually move in the opposite direction contrary to fundamental logic, people will said "oh because it has been priced in". I don't think so. This is just to distract you from the fact that the price action that will result in your loss is none other than market makers' move and modus operandi. The "price in" explanation is just to fool you so that you will not be wary of a hidden hand behind these price action.

{quote} I don't quite buy the notion of "price in". It sounds sophisticate and sexy but is designed to fool retail trader. If on the basis of what you have just said, "price in" mean _everybody_ already knows about all the info a long time ago, which mean that same _everybody_ will probably trade in the same direction based on the info that _everybody_ already know, then who will absorb all these trades in the opposite direction so that a transaction can be completed? (1) Market makers or (2) ignorant traders. Since "price...

Ignored

have we ever thought why a pair currency rally or free fall ? for example Pound/dollar free fall 1100 pips only 2 months, who made it happened..? we are the retail trader can see it in our chart.. the charts tell us everything, all the fundamentall is in the charts, from the movement of the charts tell us what happened to the economy..and what do the central banks want to their currency in the future.. i meant, the central banks move their currency before the news, because they have already had their analysis, plans, because they expert in it, they are the master in economy.. and who we are ? most of us dont have basic in micro or macro economy, so how we can compare to them in central bank to anlysis the fundamentall..??

It's Hawkish Statement... Why? (1) The Cash Rate Increase to 2% vs 1,75% previously. (2) 4 Hikes on This Year. (3) The Latest Projection from Members indicates to Csh Rates rise to 2,4% by the end of the year, a 0,3% increased from the March forecast. (4) Committee Member indicated economic growth hitting 2,8% full the year. (5) GDP and Personal Consumption increase 0,1% from the last estimated on March. (6) Committee Members also see the Unemployment Rate 3,6% by ends the year's. This projection better than the last estimated on March at 3,8%....

Everything that you wrote it correct, but most of us (at least commercial traders) knew this back in March-that's why Cable started it's slide. It's called sell the rumor buy the news or buy the rumor and sell the news. That's why people who trade the news/fundamentalists usually don't last long.

The reason the "chartists" say to look at the charts is because the commercials/pros "drive" the markets and the charts reflect these moves.

Yesterday's FOMC statement shows that to sustain a USD rally requires more than just an interest rate hike. The USD is generally bearish for the long term. USD has been falling since FOMC interest rate hike yesterday, the market doesn't seem too excited about the rate hike, and two more in the line may not really convince USD bulls, USD declined across board. In fact this is more than 12 hours after and USD index currently at 93.37 is below its level of 93.68 closing 93.54 just two days ago at a better than expected core CPI of 0.2% vs 0.1% forecast. The bears are in control of the USD market.

All this arguing over nothing. All of you will make money, all of you USD bears will make money, all of you USD bulls will make money; all you need to do is get a good entry and a good exit. All this talk of 'will the USD go up' or 'will the USD go down' is completely unrelated to trading.